Online betting is quite a beneficial activity. Sports bettors register themselves with the online sites to take part in the betting process. The sites provide both the casino games and sports. Thus, the bettors can spend a major part of their schedule on these sites and indulge in betting and make money from it. However, it is not that easy to earn money from online betting. Let’s take a look at some strategies you can use to scoop profits from online betting.
- Matched betting
Almost every betting site offers free bets and various other incentives. Matched betting technique allows the bettors to milk these free bets opportunities and make money. Most of the free bets are the types where the stake is not returned; only the profits are available to withdraw. You may expect 85+% returns in matched betting when the stakes are returned and the profit may be at least 70+% when the stakes are not returned. In free bets offer, the stakes are not returned mostly.
Free bets are the promotional offers that every site offers to keep the bettor engaged. These are used to boost registration numbers. The bettors can apply hedge betting in free bets to assure returns and make money. Winnings are available to withdraw in free bets. You can play the opportunity more cleverly by signing up with different bookmakers and enjoy the benefit.
- Arbitrage betting
In arbitrage betting, all the results are covered. It is done by backing the bet on one platform and laying it on the other. This works in favor of the bettor when the bookmakers have set different odds for the results. In arbitrage betting, a lot of shopping for the odds will be involved. You will have to find and pick the bookmaker sites where the difference in odds is big enough.
Site 1 Site 2
Odds for team A win – 2.5 Odds for team A win – 1.5
Odds for team B win – 1.5 Odds for team B win – 2.6
This situation creates a window for earning from the betting. Suppose the bettor places $100 for the team A and team B on the sites 1 and 2 respectively. If the team A wins, the bettor’s earning at the site 1 will be $100*2.5= $250. And in case team B wins, the winning amount for the bettor will be $100*2.6 = $260. This strategy will yield a profit of $50 or $60 depending upon the player who wins.
This strategy can be put to use by backing the bet at a bookmaker site and laying it at the betting exchange.
The challenge is to find this opportunity as there are hundreds of bookmakers operational. With the help of comparison software, the bettors can work around this challenge and have a bird’s eye view of all the offers available. Another challenge is that it should not be made a regular practice. If the bookmaker smells something fishy, it can impose restrictions or may even block the account forever. So, use this strategy once in a blue moon and try to make the whole activity as less suspicious as possible.
- Use tipster service
Betting tipsters are the most professional gamblers. They have been in the business for quite some time. Their exposure to the sports betting is much more than even the oddsmakers. They work by analyzing all the information available about the match and prepare their own odds. If there is a vast difference between the odds they make and the one provided by bookmakers, it is the opportunity to earn.
Betting tipsters are not giving results based on cashing of the loopholes or by depending too much on luck. They are betting on the basis of pure strategy. Thus, their outcomes are more than 85% accurate. If you have chosen online betting as a full-time professional, you can work as a tipster at the tipster verification sites and make very good money by selling the tips online.
- Become an affiliate marketer
Betting sites pay good commission to affiliate marketers who bring new punters to them. It is a risk-free way of earning from the betting sites. Your network of people can earn you a good income on a monthly basis.
Betting sites spend a lot to get traffic to their ventures. As an affiliate marketer, you may have a website or an FB page. Or, you may start a blog and share your knowledge of betting field with the readers. Once you have promoted your blog or Facebook page well, you have the opportunity to make money from the commission that comes to you when your visitors use your recommendations or become a part of a promotional campaign. It is called CPA network marketing and is quite in use among the bettors who want to have online bets as a means of earning money.
- Value betting
In value betting, the bettors sense the loophole of the bookmaking sites. Their odd of winning the match is different from the odd that is given by the bookmaker. Usually, the odd given by the bookmaker is higher than what is actual as per the research. Thus, the bettor enjoys an edge over the bookmaker. So, the risk may be a bit higher in the value betting, but the profits are encouraging as well.
The betting softwares claim that your returns can be about 30% monthly when you choose to try value betting. Identifying a value bet takes a lot of research and it becomes your source of income if you have mastered this art.
To conclude,
Online betting is a big area where a number of activities are available to try. The bettors may use their knowledge to identify and milk the earning opportunities. They can register with different bookmakers to multiply their earnings or to earn through matched betting or arbitrage betting. Or, they can start a site of their own and earn through affiliate marketing. With better experience, they can identify a value bet and earn from it too. So, online betting offers fair chance of earning money if you are ready to take the risk involved.